XRP Issuer Ripple Reportedly Offered to Buy USDC Issuer Circle

The issuer of not just the XRP token, but stablecoin RLUSD, Ripple has made and was rejected in a buyout attempt of Circle, the issuer of the USDC stablecoin, according to Bloomberg.

Sources told Bloomberg that Ripple remains interested in Circle, but hasn’t decided on whether to make another offer.

Ripple’s recently launched RLUSD stablecoin has a market capitalization just above $300 million, while Circle’s USDC’s market cap tops $60 billion..

Circle is among a growing number of crypto-related companies aiming to go public in the near future.